HSBC’s Flint warns of wider consequences of bail-in

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HSBC’s Flint warns of wider consequences of bail-in

Douglas Flint, group chairman of HSBC, told EuroWeek on Tuesday that the Cypriot banking crisis had highlighted the need for a debate on whether depositors should rank pari passu with senior unsecured bondholders, taking into account the demographics of banks’ deposit bases, writes Will Caiger-Smith.

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